Talk N Text Panalo Phone at Php499

Source: YUGATECH.COM: "

Probably the cheapest phone in the market so far — Talk N Text’s today launched a co-branded mobile handset they aptly called Panalo Phone.
The handsets are simple candybar phones which were co-branded with Cherry Mobile and ZTE. The phones are also locked to the TNT network and it’s highly likely the telco is subsidizing for the cost of the handset.

The one in the photo is one of two cellphones in the Panalo Phone line-up (a Cherry Mobile B1). Single-SIM and very light, they only cost a mere Php499.
I am told they won’t be normally sold in stores but will be targeted to markets in the provinces with a direct-to-home sales approach. So if you’re in the rural areas, expect a knock on the door with one of them sales people peddling Php500 phones to your entire family.
The move should increase cellphone penetration outside the cities and hopefully increase the average monthly usage of prepaid users."